Balsam Lake Homes under $400,000

Balsam Lake Homes under $400,000

Welcome to Balsam Lake, Wisconsin – a hidden gem nestled in the heart of Polk County! Known for its stunning natural beauty and vibrant community spirit, Balsam Lake is the perfect place to call home. With its picturesque landscapes, serene lakes, and lush greenery, this charming town offers a peaceful retreat from the hustle and bustle of city life.

Balsam Lake is renowned for its recreational opportunities, making it an outdoor enthusiast's paradise. Whether you enjoy boating, fishing, hiking, or simply taking leisurely strolls along the scenic trails, there’s something for everyone here. The town’s namesake lake is a focal point, providing residents with a stunning backdrop for summer picnics and winter activities alike.

For those looking to settle down in this idyllic location, Balsam Lake offers a variety of homes under $400,000. Whether you're a first-time buyer, a growing family, or someone seeking a cozy retreat, you’ll find a range of options that suit your needs and budget. From charming single-family homes to modern townhouses, the real estate market here is diverse and inviting.

The community is warm and welcoming, with local events and festivals that foster a strong sense of belonging. With excellent schools, friendly neighbors, and convenient access to nearby amenities, Balsam Lake is not just a place to live; it’s a place to thrive.

Explore the possibilities in Balsam Lake, where your dream home awaits amidst the beauty of Wisconsin’s great outdoors!

Newest Balsam Lake Homes under $400,000

112 Basil Street, Balsam Lake
$268,500
2 Beds ⋅ 1 Baths ⋅ ACTIVE Status
The big stuff is already done in this 2 bed, 1 bath home, so you can move right in and skip the project list. It has a new furnace, new central air, added insulation, updated wiring throughout, and a new roof on the garage, and inside you'll find new flooring, new appliances, custom blinds, an updated bathroom, and fresh paint from top to bottom. The 4-stall garage gives you room for vehicles, the boat, the toys, and a workshop, which is more garage than you'll find at most homes in town. It all sits on a quiet street within walking distance of everything downtown Balsam Lake has to offer, including restaurants, the brewery and market, the public beach, and the lake itself. Whether you're looking for a year-round home or an easy, low-maintenance place up north, this one's ready for you.

112 Basil Street, Balsam Lake

Listing courtesy of eXp Realty LLC.

112 Basil Street, Balsam Lake
$268,500
2 Beds ⋅ 1 Baths ⋅ ACTIVE Status
The big stuff is already done in this 2 bed, 1 bath home, so you can move right in and skip the project list. It has a new furnace, new central air, added insulation, updated wiring throughout, and a new roof on the garage, and inside you'll find new flooring, new appliances, custom blinds, an updated bathroom, and fresh paint from top to bottom. The 4-stall garage gives you room for vehicles, the boat, the toys, and a workshop, which is more garage than you'll find at most homes in town. It all sits on a quiet street within walking distance of everything downtown Balsam Lake has to offer, including restaurants, the brewery and market, the public beach, and the lake itself. Whether you're looking for a year-round home or an easy, low-maintenance place up north, this one's ready for you.

112 Basil Street, Balsam Lake

Listing courtesy of EXP Realty, LLC.

1499 120th Street, Balsam Lake
$399,900
3 Beds ⋅ 3 Baths ⋅ ACTIVE Status
Discover this meticulously maintained custom-built 3-bedroom, 3-bathroom home in the desirable Balsam Lake area, offering 2,664 square feet of comfortable living space. With newer windows and patio door, an upgraded drainfield, central vacuum, and a full security system, this home combines modern convenience with thoughtful details. Enjoy outdoor living on the large deck complete with a hot tub, while the spacious, well-manicured lot features a 2-car attached garage plus an additional 1-car garage perfect for your toys. The versatile basement office can easily serve as a fourth bedroom (does not have an egress window), making this home ideal for growing families ready to settle into a great location. Don?t miss the opportunity to make this exceptional property your new family haven.

1499 120th Street, Balsam Lake

Listing courtesy of Art Anderson Realty.

407 1st Avenue, Balsam Lake
$339,000
4 Beds ⋅ 2 Baths ⋅ ACTIVE WITH OFFER Status
This 4-bedroom, 2-bath home sits on a large corner lot on a quiet town road in the Village of Balsam Lake, just down from the park and a short walk to Main Street and the brewery, bars, and restaurants there. Three bedrooms are upstairs so the family sleeps on one level, and the fourth works for guests or a home office. Roof and furnace were both replaced in 2023 and several windows in 2024, so the big-ticket items are behind you. The oversized 3-car heated garage has a dedicated workshop area with room for the boat and the toys, and out back there's an above-ground pool and patio for summer. Public boat landings and the village beach are minutes away, so you get the lake without the lakefront price tag or the taxes that come with it.

407 1st Avenue, Balsam Lake

Listing courtesy of eXp Realty LLC.

407 1st Avenue, Balsam Lake
$339,000
4 Beds ⋅ 2 Baths ⋅ ACTIVE WITH OFFER Status
This 4-bedroom, 2-bath home sits on a large corner lot on a quiet town road in the Village of Balsam Lake, just down from the park and a short walk to Main Street and the brewery, bars, and restaurants there. Three bedrooms are upstairs so the family sleeps on one level, and the fourth works for guests or a home office. Roof and furnace were both replaced in 2023 and several windows in 2024, so the big-ticket items are behind you. The oversized 3-car heated garage has a dedicated workshop area with room for the boat and the toys, and out back there's an above-ground pool and patio for summer. Public boat landings and the village beach are minutes away, so you get the lake without the lakefront price tag or the taxes that come with it.

407 1st Avenue, Balsam Lake

Listing courtesy of EXP Realty, LLC.

1280 150th Avenue, Balsam Lake
$110,000
1 Beds ⋅ 1 Baths ⋅ ACTIVE Status
Quality house built to code with insulation under the concrete. Finish as you like, this shell house has electricity already brought in giving you a head start on your home or get away property. Beautiful country home ready to be finished. Stick built with 6 inch walls , upgraded windows, electric on site. Vaulted ceilings and bathroom designed for a corner tub.

1280 150th Avenue, Balsam Lake

Listing courtesy of Edina Realty, Inc..

1209 132nd Street Avenue Unit B, Balsam Lake
$360,000
5 Beds ⋅ 3 Baths ⋅ ACTIVE WITH OFFER Status
Welcome to this beautifully maintained home set in a serene, park-like setting on a quiet private dead-end road. Offering exceptional privacy and tranquility, the property is conveniently located with DD Kennedy Park and OX Lake cross-country ski and hiking trails within miles, perfect for outdoor enthusiasts. The main level features three spacious bedrooms and two full bathrooms, along with a convenient main-level laundry room and comfortable living spaces. The thoughtfully designed layout makes everyday living easy and enjoyable. Downstairs, the fully finished basement expands your living options with two additional bedrooms, another full bathroom, a large great room, perfect for entertaining or relaxing, and a kitchen dinette are ideal or guests, extended family, or a private retreat. Additional highlights include a two-car attached garage for parking and storage. This wonderful home combines practical living with a peaceful, nature-inspired setting that feels like a private oasis. Don't miss the opportunity to make it yours!

1209 132nd Street Avenue Unit B, Balsam Lake

Listing courtesy of Dane Arthur Real Estate Agency/Turtle Lake.

147 Royal Oak Drive, Balsam Lake
$304,000
2 Beds ⋅ 2 Baths ⋅ ACTIVE Status
Beautifully maintained one-level living with modern updates throughout. This 2007 slab-on-grade twin home offers 1,500 sq ft of thoughtfully designed space on a .235-acre lot, featuring in-floor heat, a new roof in 2025, and an easy, low-maintenance layout perfect for comfort and convenience. The inviting open-concept living area showcases updated finishes and abundant natural light, creating a seamless flow between the kitchen, dining, and living spaces?ideal for everyday living or entertaining. A beautiful stacked-stone gas fireplace anchors the family room, adding warmth, character, and a stunning focal point. This home includes 2 spacious bedrooms and 2 full bathrooms, with a standout primary suite. The master bathroom features a tile floor, double-sink vanity, and a very large walk-in closet offering exceptional storage and organization. The 2-stall garage provides excellent parking and storage, complemented by in-floor heat for year-round comfort. Located a very convenient distance from Balsam Lake, this property offers quick access to local restaurants, shops, and the charming downtown area. Whether you?re seeking a comfortable full-time residence or a cabin retreat to enjoy everything lake life has to offer?boating, dining, relaxing?this home delivers the perfect blend of comfort and convenience. A truly move-in-ready home with modern updates, single-level convenience, and exceptional care throughout.

147 Royal Oak Drive, Balsam Lake

Listing courtesy of Property Executives Realty.

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Copyright 2026 WIREX Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but not guaranteed. Information is supplied by seller and other third parties and has not been verified.

Copyright 2026 WIREX Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but not guaranteed. Information is supplied by seller and other third parties and has not been verified.